LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ("Bank"), the principal sum of Four Million Dollars ($4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Doane Products Co), Assignment and Assumption Agreement (Doane Products Co)
LOANS AND PAYMENTS OF PRINCIPAL. 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------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 104 108 - 111 115 EXHIBIT B C AMENDED AND RESTATED SWING LINE TERM LOAN PROMISSORY NOTE $4,000,000.00 ___________________ St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION __________________________________________, a _______________________________ ________ ("Bank"), the principal sum of Four Million ____________________________ Dollars ($4,000,000.00)_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, or such lesser sum June, September and December prior to maturity, as may then constitute follows: two (2) equal consecutive quarterly principal installments in the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million _____________________________________ Dollars ($4,000,000.00)__________________) each, or due and payable commencing September 30, 1996, followed by four (ii4) the difference between the Revolving Credit Commitments of all of the Banks (as defined equal consecutive quarterly principal installments in the Amended amount of ______________________________________________________ Dollars ($__________________) each, due and Restated Revolving Credit payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and Term Loan Agreementpayable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding principal balance hereunder at the time of computationdue and payable on September 30, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans Term Loan on the dates and at the rate or rates provided for in the Amended and Restated Revolving Credit and Term Loan AgreementAgreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is one of the Swing Line Note referred to Term Notes described in the that certain Amended and Restated Revolving Credit and Term Loan Credit Agreement dated the date hereof by and among between Borrower, Agent and the banks listed on the signature pages thereof Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Doane Products Co), Assignment and Assumption Agreement (Doane Products Co)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Currency and of Date Amount Type Principal Unpaid of Unpaid Base Rate of of Interest Paid or of Principal Principal Made Notation Date LIBOR Loan Loan Repaid Period Prepaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- EXHIBIT B AMENDED AND RESTATED A-4 SWING LINE NOTE $4,000,000.00 St. Louis5,000,000 Cleveland, Missouri February 28Ohio May 25, 1996 2000 FOR VALUE RECEIVED, on the last day of the Revolving Credit Periodundersigned STONERIDGE, INC., an Ohio corporation (herein, together with its successors and assigns, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of MERCANTILE NATIONAL CITY BANK OF ST. LOUIS NATIONAL ASSOCIATION (the "BankLender"), in lawful money of the United States of America and in immediately available funds, at the Payment Office (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Credit Agreement referred to below) of National City Bank (the "Administrative Agent"), the principal sum of Four Million Dollars FIVE MILLION DOLLARS AND NO CENTS ($4,000,000.00)5,000,000.00) or, or such lesser sum as may if less, the then constitute the aggregate unpaid principal amount of all Swing Line Loans made by Bank the Lender to the Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to belowAgreement. The aggregate unpaid principal amount of each Swing Loans which Bank Line Loan shall be committed due and payable on the first Business Day following the date such Swing Line Loan is made, subject to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all right of the Banks (as defined Borrower to reborrow Swing Line Loans in the Amended accordance with and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to belowAgreement. The Borrower further promises also to pay to interest in like currency and funds at the order of Bank interest Payment Office on the aggregate unpaid principal amount of each Swing Line Loan made by the Lender from the date of such Swing Loans on Line Loan until paid at the dates rates and at the rate times provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency section 2.7 of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forthCredit Agreement. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement Agreement, dated as of December 30, 1998, as amended, among the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may financial institutions from time to time be amendedparty thereto (including the Lender), modifiedthe other Agents from time to time party thereto, extended or renewedand National City Bank, as Administrative Agent (as from time to time in effect, the "Credit Agreement"), and is entitled to the benefits thereof and of the other Credit Documents. The As provided in the Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon this Note is subject to mandatory prepayment prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Swing Line Loan, in whole or in part. In case an Event of Default under the Credit Agreementshall occur and be continuing, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any principal of the Deeds of Trust, Bank's obligation to make additional Swing Loans under and accrued interest on this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that The Borrower hereby waives presentment, demand, protest or notice of any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank kind in connection with bankruptcy this Note. No failure to exercise, or insolvency proceedings relating heretodelay in exercising, Borrower hereby agrees to pay to any rights hereunder on the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws part of the State holder hereof shall operate as a waiver of Missouri (without reference to conflict any such rights. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO. STONERIDGE, INC. By: ______________________ Title: LOANS AND PAYMENTS OF PRINCIPAL ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- Amount of law principles).Date Amount Principal Unpaid of of Interest Rate Paid or Principal Made Notation Loan Prepaid Balance By ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- EXHIBIT G FORM OF ELECTION TO PARTICIPATE [Date]
Appears in 1 contract
Samples: Credit Agreement (Stoneridge Inc)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount TYPE AMOUNT OF OF DATE AMOUNT LOAN/ PRINCIPAL UNPAID OF OF OR PAID OR PRINCIPAL MADE NOTATION LOAN INTEREST MATURITY PREPAID BALANCE BY RATE ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- 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--------------- ---------------- --------------- ---------------- --------------- --------------- EXHIBIT B-1 NOTICE OF BORROWING [Date] KeyBank National Association, as Administrative Agent for the Lenders party to the Credit Agreement referred to below 127 Xxxxxx Xxxxxx Xxxxxxxxx, Xxxx 00000 Attention: Large Corporate Group --------------------------- Re: Notice of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 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-------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, on the last day of the Revolving Borrowing under Credit Period, the Agreement ---------------------- Ladies and Gentlemen: The undersigned, DOANX XXXDUCTS COMPANYHawk Corporation, a Delaware corporation (the "BorrowerBORROWER"), hereby promises to pay refers to the order Credit Agreement, dated as of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION May 1, 1998 (as amended from time to time, the "BankCREDIT AGREEMENT", the terms defined therein being used herein as therein defined), among the Borrower, the financial institutions from time to time party thereto (the "LENDERS"), the principal sum of Four Million Dollars ($4,000,000.00)and KeyBank National Association, or as Administrative Agent for such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower Lenders, and hereby gives you notice, irrevocably, pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (isection 2.3(a) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined Credit Agreement, that the undersigned hereby requests one or more Borrowings under the Credit Agreement, and in that connection sets forth in the Amended and Restated Revolving Credit and Term Loan Agreementschedule attached hereto the information relating to each such Borrowing (collectively the "PROPOSED BORROWING") and the amount as required by section 2.3(a) of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount Borrower hereby specifies that the Proposed Borrowing will consist of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made Loans as indicated in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, . The Borrower hereby certifies that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended following statements are true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time will be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).Proposed Borrowing:
Appears in 1 contract
Samples: Credit Agreement (Hawk Corp)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Foreign Currency Amount of Unpaid Date Amount of Loan or Base Rate or of Loan Principal Principal Repaid Maturity Date Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 by ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. LouisB-1 ----------- OPINION OF WEIL, Missouri February 28GOTSHAL & MANGES Special Counsel to the Borrower May 26, 1996 FOR VALUE RECEIVED2000 To the Banks and the Administrative Agent referred to herein c/o Wachovia Bank, on the last day of the Revolving Credit PeriodN.A., the undersignedas Administrative Agent 191 Peachtree Street, DOANX XXXDUCTS COMPANYN.E. Atlanta, Georgia 30303-1757 Attn: Synxxxxxxxxx Xxxxx Xxxxxxxxx: Xx xxxx acted as special counsel to Guilford Mills, Inc., a Delaware corporation (the "BorrowerCompany"), hereby promises to pay to in cxxxxxxxxx xxxx the order execution and delivery of, and the consummation of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION the transactions contemplated by, the Credit Agreement, dated as of May ___, 2000 (the "BankCredit Agreement"), among the principal sum of Four Million Dollars ($4,000,000.00)Company, or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of TrustBanks"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated Wachovia Bank, N.A., as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Administrative Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security AgreementAdministrative Agent"), First Union National Bank, as Syndication Agent and Bank One, N.A., as Documentation Agent, pursuant to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and Company has established with the effect as provided Banks a revolving credit facility for an aggregate principal amount of up to $130,000,000. Terms defined in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and not otherwise defined herein are used herein with the effect meanings as provided in so defined. This opinion is being delivered to you pursuant to Section 3.01(c) of the Credit Agreement. In so acting, we have examined originals or copies (certified or otherwise identified to our satisfaction) of the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwiseLoan Documents and the Intercreditor Agreement, and such corporate records, agreements, documents and other instruments, and such certificates or comparable documents of public officials and of officers and representatives of the Company, and have made such inquiries of such officers and representatives, as we have deemed relevant and necessary as a basis for the opinions hereinafter set forth. In such examination, we have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified, conformed or photostatic copies and the authenticity of the originals of such latter documents. As to all questions of fact material to this Note shall be placed opinion that have not been independently established, we have relied upon certificates or comparable documents of officers and representatives of the Company and upon the representations and warranties of the Company contained in the hands of an attorney Loan Documents executed on or attorneys for collectionbefore the date hereof to which it is a party (collectively, or if foreclosure the "Company Documents"). We have also assumed (i) that the Company has the requisite corporate power and authority to enter into and perform the Company Documents, (ii) the due authorization, execution and delivery of the Security AgreementCompany Documents by the Company, (iii) the valid existence of each Guarantor, (iv) that each Guarantor has the requisite corporate power and authority to enter into and perform the Loan Documents executed on or before the date hereof to which it is a party (collectively, the Pledge Agreement"Guarantor Documents") and (v) the due authorization, the Collateral Assignment or under any execution and delivery of the Deeds Guarantor Documents by each Guarantor. We have also assumed the validity and enforceability of Trust is the obligations of the Company and each of the Guarantors under taken by the Agent or Bank, or if this Note shall be placed in Loan Documents under the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference Georgia. As used herein, "to conflict our knowledge" and "of law principles).which we are aware" mean the conscious awareness of facts or other information by any lawyer in our firm actively involved in the transactions contemplated by the Loan Documents. Based on the foregoing, and subject to the qualifications stated herein, we are of the opinion that:
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Date Type of Loan Amount of Loan Interest Period Amount of Unpaid Base Rate Notation Made Principal Paid Principal By or Prepaid Balance ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- 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---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- EXHIBIT E FORM OF GUARANTY GUARANTY THIS GUARANTY, dated as of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 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-------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. LouisDecember 18, Missouri February 281998, 1996 FOR VALUE RECEIVED, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANYis executed by QUANTUM CORPORATION, a Delaware corporation ("BorrowerGuarantor"), hereby promises to pay to the order in favor of MERCANTILE BANK OF ST. LOUIS FLEET NATIONAL ASSOCIATION BANK, a national banking association, acting as agent ("Bank")in such capacity, the principal sum of Four Million Dollars ($4,000,000.00)and each successor thereto in such capacity, or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of ) for the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may financial institutions which are from time to time be amended, modified, extended or renewedparties to the Credit Agreement referred to in Recital A below (collectively, the "Credit AgreementBanks"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
Samples: Credit Agreement (Quantum Corp /De/)
LOANS AND PAYMENTS OF PRINCIPAL. Amount ================================================================================================ Amount of Type of Amount of Interest Principal Paid Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Period or Prepaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ ================================================================================================ EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. LouisG LSI GUARANTY THIS GUARANTY, Missouri February 28dated as of [ ], 1996 FOR VALUE RECEIVED1998, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANYis executed by LSI LOGIC CORPORATION, a Delaware corporation ("BorrowerGuarantor"), hereby promises to pay to the order in favor of MERCANTILE ABN AMRO BANK OF ST. LOUIS NATIONAL ASSOCIATION N.V., acting as agent ("Bank")in such capacity, the principal sum of Four Million Dollars ($4,000,000.00)and each successor thereto in such capacity, or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of ) for the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may financial institutions which are from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior parties to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared referred to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when dueRecital A below (collectively, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles"Lenders").
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount ========================================================================================= AMOUNT TYPE OF OF DATE AMOUNT LOAN/OR PRINCIPAL UNPAID OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN RATE MATURITY PREPAID BALANCE BY ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- 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----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ========================================================================================= NOTICE OF BORROWING [Date] KeyBank National Association, as Administrative Agent for the Lenders party to the Credit Agreement referred to below 127 Xxxxxx Xxxxxx Xxxxxxxxx, Xxxx 00000 Attention: Large Corporate Group Re: Notice of Unpaid Base Rate or Borrowing under Credit Agreement, dated as of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 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-------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. LouisAugust 15, Missouri February 281997, 1996 FOR VALUE RECEIVEDto which CTB, on the last day of the Revolving Credit Period, the Inc. is a party ----------------------------------------------- Ladies and Gentlemen: The undersigned, DOANX XXXDUCTS CTB, Inc. (the "COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay refers to the order Credit Agreement, dated as of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION August 15, 1997 (as amended from time to time, the "BankCREDIT AGREEMENT", the terms defined therein being used herein as therein defined), among the Company, the other Borrowers named therein, the financial institutions from time to time party thereto (the "LENDERS"), the principal sum of Four Million Dollars ($4,000,000.00)and KeyBank National Association, or as Administrative Agent for such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower Lenders, and hereby gives you notice, irrevocably, pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (isection 2.3(a) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined Credit Agreement, that the undersigned hereby requests one or more Borrowings under the Credit Agreement, and in that connection sets forth in the Amended and Restated Revolving Credit and Term Loan Agreementschedule attached hereto the information relating to each such Borrowing (collectively the "PROPOSED BORROWING") and the amount as required by section 2.3(a) of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount Company hereby specifies that the Proposed Borrowing will consist of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made Loans as indicated in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, . The Company hereby certifies that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended following statements are true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time will be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).Proposed Borrowing:
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount =============================================================================================================== AMOUNT OF DATE AMOUNT TYPE PRINCIPAL UNPAID OF OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN LOAN PERIOD PREPAID BALANCE BY =============================================================================================================== --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- 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--------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- =============================================================================================================== EXHIBIT B-1 NOTICE OF BORROWING [Date] National City Bank, as Administrative Agent for the Lenders party to the Credit Agreement referred to below 1900 Xxxx Xxxxx Xxxxxx Xxxxxxxxx, Xxxx 00000 Attention: Metro/Ohio Division ------------------- Re: Notice of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 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-------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, on the last day of the Revolving Borrowing under Credit Period, the Agreement ---------------------- Ladies and Gentlemen: The undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation Royal Appliance Mfg. Co. (the "BorrowerBORROWER"), hereby promises to pay refers to the order Credit Agreement, dated as of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION May 1, 1998 (as amended from time to time, the "BankCREDIT AGREEMENT", the terms defined therein being used herein as therein defined), among the Borrower, the financial institutions from time to time party thereto (the "LENDERS"), the principal sum of Four Million Dollars ($4,000,000.00)and National City Bank, or as Administrative Agent for such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower Lenders, and hereby gives you notice, irrevocably, pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (isection 2.3(a) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined Credit Agreement, that the undersigned hereby requests one or more Borrowings under the Credit Agreement, and in that connection sets forth in the Amended and Restated Revolving Credit and Term Loan Agreementschedule attached hereto the information relating to each such Borrowing (collectively the "PROPOSED BORROWING") and the amount as required by section 2.3(a) of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount Borrower hereby specifies that the Proposed Borrowing will consist of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made Loans as indicated in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, . The Borrower hereby certifies that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended following statements are true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time will be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).Proposed Borrowing:
Appears in 1 contract
Samples: Credit Agreement (Royal Appliance Manufacturing Co)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Type of Amount of Interest Principal Paid Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Period or Prepaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 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LOUIS NATIONAL ASSOCIATION N.V., acting as agent ("Bank")in such capacity, the principal sum of Four Million Dollars ($4,000,000.00)and each successor thereto in such capacity, or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of ) for the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may financial institutions which are from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior parties to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared referred to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when dueRecital A below (collectively, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles"Lenders").
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By AMOUNT OF AMOUNT OF PRINCIPAL MATURITY NOTATION DATE LOAN REPAID DATE MADE BY -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 95 104 - 111 EXHIBIT B AMENDED AND RESTATED SWING LINE A-4 FOREIGN CURRENCY LOAN NOTE $4,000,000.00 St. LouisAtlanta, Missouri February 28Georgia October 15, 1996 FOR VALUE RECEIVED1999 For value received, on the last day of the Revolving Credit PeriodRUSSXXX XXXPORATION, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware an Alabama corporation (the "Borrower"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ____________________________________, a ____________________ (the "Bank"), for the principal sum account of Four Million Dollars ($4,000,000.00)its Lending Office, or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Foreign Currency Loans made by the Bank to the Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below, on the dates and in the amounts provided in the Credit Agreement. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans this Note on the dates and at the rate or rates provided for Foreign Currency Loans in the Credit Agreement. Interest on any overdue principal of and, to the extent permitted by law, overdue interest on the principal amount hereof shall bear interest at the Default Rate, as provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency money of the United States applicable Foreign Currency in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent")Wachovia Bank, 721 Xxxxxx N.A., 191 Xxxxxxxxx Xxxxxx, Xx. XxxxxX.X., Xxxxxxxx Xxxxxxx, Xxxxxxx 00000-0000, xx such other address as may be specified from time to time pursuant to the Credit Agreement. All Swing Foreign Currency Loans made by Bank the Bank, the respective maturities thereof, the interest rates from time to time applicable thereto, and all repayments of the principal thereof shall be recorded by the Bank and, prior to any transfer hereof, endorsed by the Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, provided that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of the Bank to record or endorse or make any mistake by Bank in connection with such recordation or endorsement on shall not affect the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof obligations of the items therein set forthBorrower hereunder or under the Credit Agreement. This Note is one of the Swing Line Note Foreign Currency Loan Notes referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated as of October 15, 1999 among Russxxx Xxxporation, Russxxx Xxxope Limited, the date hereof by and among Borrower, Agent and the banks Banks listed on the signature pages thereof thereof, Wachovia Bank, N.A., as Administrative Agent, Suntrust Bank, Atlanta, as Syndication Agent and First Union National Bank, as Documentation Agent (as the same may be amended and modified from time to time be amended, modified, extended or renewedtime, the "Credit Agreement"). The Terms defined in the Credit Agreement, among other things, contains Agreement are used herein with the same meanings. Reference is made to the Credit Agreement for provisions for the optional and mandatory prepayment and the repayment hereof and the acceleration of the maturity hereof upon hereof, as well as the - 105 - 112 occurrence obligation of certain stated events and also for prepayments on account the Borrower to pay all costs of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them collection, including reasonable attorneys fees, in the Credit Agreement. This event this Foreign Currency Loan Note is secured collected by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment law or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of through an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof)at law. The Borrower hereby waives presentment for paymentpresentment, demand, protest, notice of demand, protest and nonpayment and any other notice of dishonorrequired by law relative hereto, except to the extent as otherwise may be expressly provided for in the Credit Agreement. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).96 105
Appears in 1 contract
Samples: Credit Agreement (Russell Corp)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Base Rate Amount of Unpaid Base Rate or Date Euro-Dollar Loan Amount of Loan Principal Principal Repaid Maturity Date Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 by ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- EXHIBIT B AMENDED AND RESTATED SWING LINE A-2 ----------- FORM OF SYNDICATED FOREIGN CURRENCY LOAN NOTE $4,000,000.00 St. LouisAtlanta, Missouri February 28Georgia May 26, 1996 FOR VALUE RECEIVED2000 For value received, on the last day of the Revolving Credit PeriodGUILFORD MILLS, the undersigned, DOANX XXXDUCTS COMPANYINC., a Delaware corporation (the "Borrower"), hereby promises to pay to proxxxxx xx xxx xo the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION _________________________________________, a ____________________ (the "Bank"), for the account of its Lending Office, the outstanding principal sum amount of Four Million Dollars ($4,000,000.00)the Foreign Currency Loans made by the Bank to the Borrower as Foreign Currency Loans pursuant to the Credit Agreement referred to below, or such lesser sum as may then constitute on the aggregate dates and in the amounts provided in the Credit Agreement. The Borrower promises to pay interest on the unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans this Note on the dates and at the rate or rates provided for Foreign Currency Loans in the Credit Agreement. Interest on any overdue principal of and, to the extent permitted by law, overdue interest on the principal amount hereof shall bear interest at the Default Rate, as provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency money of the United States applicable Foreign Currency in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (Wachovia Bank, N.A., 191 Peachtree Street, N.E., Atlanta, Georgia 30303-1757, or such oxxxx xxxxxxx xx xxx xx xxxxxxxxx xxxx xxxx xx xxxx xxxxuant to the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000Credit Agreement. All Swing Foreign Currency Loans made by Bank the Bank, the respective maturities thereof, the interest rates from time to time applicable thereto, and all repayments of the principal thereof shall be recorded by the Bank and, prior to any transfer hereof, endorsed by the Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, provided that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of the Bank to record or endorse or make any mistake by Bank in connection with such recordation or endorsement on shall not affect the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof obligations of the items therein set forthBorrower hereunder or under the Credit Agreement. This Note is one of the Swing Line Note Syndicated Foreign Currency Loan Notes referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated as of May 26, 2000 among the date hereof by and among Borrower, Agent and the banks Banks listed on the signature pages thereof thereof, Wachovia Bank, N.A., as Administrative Agent, First Union National Bank, as Syndication Agent and Bank One, N.A., as Documentation Agent (as the same may be amended and modified from time to time be amended, modified, extended or renewedtime, the "Credit Agreement"). The Terms defined in the Credit Agreement, among other things, contains Agreement are used herein with the same meanings. Reference is made to the Credit Agreement for provisions for the optional and mandatory prepayment and the repayment hereof and the acceleration of the maturity hereof upon hereof, as well as the - 105 - 112 occurrence obligation of certain stated events and also for prepayments on account the Borrower to pay all costs of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them collection, including reasonable attorneys fees, in the Credit Agreement. This event this Syndicated Foreign Currency Loan Note is secured collected by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment law or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of through an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof)at law. The Borrower hereby waives presentment for paymentpresentment, demand, protest, notice of demand, protest and nonpayment and any other notice of dishonor. This Note shall required by law relative hereto, except to the extent as otherwise may be governed by and construed expressly provided for in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles)Credit Agreement.
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 AMOUNT OF AMOUNT OF TYPE OF PRINCIPAL DATE LOAN LOAN REPAID NOTATION MADE BY -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- EXHIBIT B AMENDED ================================================================================ MORTGAGE, ASSIGNMENT OF LEASES AND RESTATED SWING LINE NOTE $4,000,000.00 St. LouisRENTS, Missouri February 28, 1996 FOR VALUE RECEIVED, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ("Bank"), the principal sum of Four Million Dollars ($4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) SECURITY AGREEMENT AND FINANCING STATEMENT dated as of October 5July 15, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may 1998 from time to time be amendedREPUBLIC PAPERBOARD COMPANY a Kansas corporation, the "Deeds of Trust")Mortgagor, to which Deeds NATIONSBANK, N.A., a national banking association, as Agent, the Mortgagee Property: Lawton, Oklahoma County of Trust reference is hereby made Comanche ================================================================================ This Instrument Contains After-acquired Property Provisions and Secures Obligations Containing Provisions for a description of the security and a statement of the terms and conditions upon which this Note is securedChanges in Interest Rates. This Note is further secured by that certain Security Agreement dated as of October 5Instrument Also Secures Future Advances. A POWER OF SALE HAS BEEN GRANTED IN THIS MORTGAGE, 1995 and as amended on the date hereofASSIGNMENT OF LEASES AND --------------------------------------------------------------------------- RENTS, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amendedSECURITY AGREEMENT AND FINANCING STATEMENT. A POWER OF SALE MAY ALLOW ----------------------------------------------------------------------------- THE MORTGAGEE TO TAKE THE MORTGAGED PROPERTY AND SELL IT WITHOUT GOING TO COURT ------------------------------------------------------------------------------- IN A FORECLOSURE ACTION UPON DEFAULT BY THE MORTGAGOR UNDER THIS MORTGAGE, the "Security Agreement")-------------------------------------------------------------------------- ASSIGNMENT OF LEASES AND RENTS, to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further securedSECURITY AGREEMENT AND FINANCING STATEMENT. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).--------------------------------------------------------------------------- TABLE OF CONTENTS/1/ Preamble............................................................ 1
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 AMOUNT OF DATE AMOUNT TYPE PRINCIPAL UNPAID OF OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN LOAN PERIOD PREPAID BALANCE BY ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- EXHIBIT B AMENDED AND RESTATED A-2 SWING LINE NOTE $4,000,000.00 St. Louis____________ Cleveland, Missouri February 28Ohio ________, 1996 20__ FOR VALUE RECEIVED, on the last day of the Revolving Credit Periodundersigned OM GROUP, the undersigned, DOANX XXXDUCTS COMPANYINC., a Delaware corporation (herein, together with its successors and assigns, the "BorrowerBORROWER"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION _______________________ (the "BankLENDER"), in lawful money of the United States of America and in immediately available funds, at the Payment Office (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Credit Agreement referred to below) of National City Bank (the "ADMINISTRATIVE AGENT"), the principal sum of Four Million Dollars ________________ DOLLARS AND ____ CENTS ($4,000,000.00)___) or, or such lesser sum as may if less, the then constitute the aggregate unpaid principal amount of all Swing Line Loans made by Bank the Lender (or any of its predecessors in interest with respect hereto) to the Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to belowAgreement. The aggregate Borrower will pay the principal amount of any Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed Line Loan on the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined maturity date specified therefor in the Amended Notice of Borrowing relating thereto, which maturity date shall in no event be more than one Business Day following the date such Swing Line Loan was made. The Borrower promises also to pay interest in like currency and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder funds at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest Payment Office on the aggregate unpaid principal amount of each Swing Line Loan made by the Lender from the date of such Swing Loans on Line Loan until paid at the dates rates and at the rate times provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount section 2.7 of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds one of Trust (as defined the Swing Line Notes referred to in the Credit Agreement) , dated as of October 5August 7, 1995 and as amended on 2003, 2003, among the date hereofBorrower, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may financial institutions from time to time be amended, party thereto (including the "Deeds of Trust"Lender), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated National City Bank, as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Administrative Agent for the benefit of Bank and others (as the same may from time to time be amendedin effect, the "Security AgreementCREDIT AGREEMENT"), and is entitled to which Security Agreement reference is hereby made for a description the benefits thereof and of the security and a statement of the terms and conditions upon which this Note is further securedother Credit Documents. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. As provided in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, this Note is subject to mandatory prepayment prior to the Security Agreementmaturity date of any Swing Line Loan or the Maturity Date, in whole or in part. In case an Event of Default shall occur and be continuing, the Pledge Agreement, the Collateral Assignment or any principal of the Deeds of Trust, Bank's obligation to make additional Swing Loans under and accrued interest on this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that The Borrower hereby waives presentment, demand, protest or notice of any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank kind in connection with bankruptcy this Note. No failure to exercise, or insolvency proceedings relating heretodelay in exercising, Borrower hereby agrees to pay to any rights hereunder on the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws part of the State holder hereof shall operate as a waiver of Missouri any such rights. THE BORROWER HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THE CREDIT AGREEMENT AND THIS NOTE, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. THE BORROWER (without reference to conflict of law principles).A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY TO THE CREDIT AGREEMENT HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT THE OTHER PARTIES TO THE CREDIT AGREEMENT HAVE BEEN INDUCED TO ENTER INTO THE CREDIT AGREEMENT BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS PARAGRAPH. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO. OM GROUP, INC. By: _____________________________ Title:
Appears in 1 contract
Samples: Credit Agreement (Om Group Inc)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or Principal Date Amount of Principal Principal Type of Loan Prepaid Notation Date LIBOR Made Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. Louis----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- XXXXXXX X-0 XXXX Xxx Xxxx, Missouri February 28Xxx Xxxx January 21, 1996 FOR VALUE RECEIVED1997 For value received, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANYGT INTERACTIVE SOFTWARE CORP., a Delaware corporation (the "BorrowerBORROWER"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION NBD Bank (the "Bank"), the principal sum of Four Million Dollars ($4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans each Loan made by the Bank to the Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to belowbelow on the maturity date provided for in the Credit Agreement. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of each such Swing Loans Loan on the dates and at the rate or rates provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency money of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Agent at 452 Xxxxx Xxxxxx, Xx. XxxxxXxx Xxxx, Xxxxxxxx Xxx Xxxx 00000. All Swing Loans made by Bank the Bank, the respective types thereof and all repayments of the principal thereof shall be recorded by the Bank and, prior to if the Bank so elects in connection with any transfer hereof, or enforcement hereof appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding may be endorsed by the Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, hereof provided that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of the Bank to record or endorse or make any mistake by Bank in connection with such recordation or endorsement on shall not affect the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof obligations of the items therein set forthBorrower hereunder or under the Credit Agreement. This Note note is one of the Swing Line Note Notes referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated as of January __, 1997 among the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof thereof, the Letter of Credit Issuing Bank party thereto and Republic National Bank of New York, as Agent (as the same may be amended from time to time be amended, modified, extended or renewedtime, the "Credit AgreementCREDIT AGREEMENT"). The Terms defined in the Credit Agreement, among other things, contains Agreement are used herein with the same meanings. Reference is made to the Credit Agreement for provisions for the prepayment hereof and the acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or Amount of Principal Principal Maturity Notation Date LIBOR Loan Type of Loan Repaid Balance Date Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ EXHIBIT B AMENDED AND RESTATED SWING LINE SWINGLINE NOTE $4,000,000.00 St. Louis________'_____ ______________ For value received, Missouri February 28, 1996 FOR VALUE RECEIVED, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANY[MASCO CORPORATION, a Delaware corporation] [MASCO EUROPE S.A.R.L., a corporation organized under the laws of Luxembourg] (the "Borrower"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ("Bank"), the principal sum of Four Million Dollars ($4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on One, NA (the aggregate "Swingline Lender"), for the account of its Applicable Lending Office, the unpaid principal amount of each Swingline Loan made by the Swingline Lender to the Borrower pursuant to the Credit Agreement referred to below on the day required under the Credit Agreement referred to below. The Borrower promises to pay interest on the unpaid principal amount of each such Swing Loans Swingline Loan on the dates and at the rate or rates provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency the relevant Agreed Currency at the relevant office of the United States in Federal or other immediately available funds at Agent and as required under the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000Credit Agreement referenced below. All Swing Swingline Loans made by Bank the Swingline Lender, the respective types and maturities thereof and all repayments of the principal thereof shall may be recorded by Bank the Swingline Lender and, prior to any transfer hereof, appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding shall be endorsed by Bank the Swingline Lender on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, provided that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank the Swingline Lender to record or endorse or make any mistake by Bank in connection with such recordation or endorsement on shall not affect the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof obligations of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended Borrower hereunder or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
Samples: Credit Agreement (Masco Corp /De/)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Interest Principal Paid Principal Notation Date LIBOR Type of Loan Amount of Loan Repaid Period or Prepaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ EXHIBIT B E FOURTH AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. LouisSECURITY AGREEMENT THIS FOURTH AMENDED AND RESTATED SECURITY AGREEMENT, Missouri February 28dated as of October [____], 1996 FOR VALUE RECEIVED2000, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANYis executed by BELL XXXROPRODUCTS INC., a Delaware California corporation ("Borrower"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ("Bank"), the principal sum of Four Million Dollars ($4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may financial institutions which are from time to time be amendedparties to the Restated Credit Agreement defined in Recital B below (collectively, the "Deeds of TrustLenders"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Loans Payments ---------------------------------------- -------------------------------------------- Amount of Unpaid Base Rate or Amount of Principal Principal Notation Paid Date LIBOR Currency Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 Facility Currency or Prepaid Facility ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- C(1)-3 90 EXHIBIT B AMENDED AND RESTATED SWING LINE C(2) TERM LOAN NOTE $4,000,000.00 St. Louis______________, Missouri February 28________ __________, 1996 ____ FOR VALUE RECEIVED, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation undersigned ("Borrower"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ____________________, a ____________________ ("BankLender"), the principal sum of Four Million Dollars ($4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing the following Term Loans made by Bank Lender to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks below (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may amended from time to time be amended, modified, extended or renewedtime, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of in a single installment on the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions Term Loan Maturity Date specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in ; and to pay interest on said sum at the Credit Agreement) dated as of October 5, 1995 rates and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as dates provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
Samples: Assignment Agreement (Flextronics International LTD)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 AMOUNT OF AMOUNT OF TYPE PRINCIPAL MATURITY NOTATION DATE LOAN OF LOAN REPAID DATE MADE BY ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. LouisFORM OF MONEY MARKET QUOTE REQUEST [Date] To: Morgxx Xxxranty Trust Company of New York From: Littxx Xxxustries, Missouri February 28, 1996 FOR VALUE RECEIVED, on the last day of the Revolving Inc. Re: Credit Period, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ("Bank"), the principal sum of Four Million Dollars ($4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may amended from time to time be amended, modified, extended or renewedtime, the "Credit AgreementCREDIT AGREEMENT"). The Credit Agreement) dated as of March 27, 1998 among other thingsthe Borrower, contains provisions for acceleration the Banks parties thereto and Morgxx Xxxranty Trust Company of New York, as Agent We hereby give notice pursuant to Section 2.03 of the maturity hereof upon Credit Agreement that we request Money Market Quotes for the - 105 - 112 occurrence following proposed Money Market Borrowing(s): Date of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to Borrowing: __________________ Principal Amount(*) Interest Period(**) $ Such Money Market Quotes should offer a Money Market [Margin] [Absolute Rate]. [The applicable base rate is the maturity hereof upon the terms and conditions specified therein. All capitalized terms London Interbank Offered Rate.] Terms used and not otherwise defined in this Note shall herein have the respective meanings ascribed assigned to them in the Credit Agreement. This Note is secured by those certain Deeds LITTXX XXXUSTRIES, INC. By:_________________________ Name: Title: -------- (*)Amount must be $15,000,000 or a larger multiple of Trust $1,000,000. (**)Not less than one month (LIBOR Auction) or not less than 14 days (Absolute Rate Auction), subject to the provisions of the definition of Interest Period. EXHIBIT C FORM OF INVITATION FOR MONEY MARKET QUOTES To: [Name of Bank] Re: Invitation for Money Market Quotes to Littxx Xxxustries, Inc. (the "BORROWER") Pursuant to Section 2.03 of the Credit Agreement (as defined in amended from time to time, the Credit Agreement"CREDIT AGREEMENT") dated as of October 5March 27, 1995 1998 among the Borrower, the Banks parties thereto and the undersigned, as amended Agent, we are pleased on behalf of the date hereof, executed by Borrower in favor of Agent to invite you to submit Money Market Quotes to the Borrower for the benefit following proposed Money Market Borrowing(s): Date of Bank and others Borrowing: __________________ Principal Amount Interest Period $ Such Money Market Quotes should offer a Money Market [Margin] [Absolute Rate]. [The applicable base rate is the London Interbank Offered Rate.] Please respond to this invitation by no later than [2:00 P.M.] [9:30 A.M.] (as New York City time) on [date]. Terms used herein have the same may from time meanings assigned to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided them in the Credit Agreement. MORGXX XXXRANTY TRUST COMPANY OF NEW YORK By:_________________________ Name: Title: Authorized Officer EXHIBIT D FORM OF MONEY MARKET QUOTE MORGXX XXXRANTY TRUST COMPANY OF NEW YORK, as Agent 60 Wxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Xxtention: Re: Money Market Quote to Littxx Xxxustries, Inc. (the "BORROWER") In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure response to your invitation on behalf of the Security AgreementBorrower dated _____________, 19__, we hereby make the Pledge Agreement, following Money Market Quote on the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).following terms:
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 EXHIBIT B AMENDED AND RESTATED AMOUNT OF DATE AMOUNT TYPE PRINCIPAL UNPAID OF OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN LOAN PERIOD PREPAID BALANCE BY ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- SWING LINE REVOLVING NOTE $4,000,000.00 St. Louis________________ Cleveland, Missouri February 28Ohio ________ , 1996 1998 FOR VALUE RECEIVED, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANYundersigned HAWK CORPORATION, a Delaware corporation (herein, together with its successors and assigns, the "BorrowerBORROWER"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION _________________________ (the "BankLENDER"), in lawful money of the United States of America in immediately available funds, at the Payment Office (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Agreement referred to below) of KeyBank National Association (the "ADMINISTRATIVE AGENT"), the principal sum of Four Million Dollars ________________ DOLLARS ($4,000,000.00)$ ) or, or such lesser sum as may if less, the then constitute the aggregate unpaid principal amount of all Swing Line Revolving Loans made by Bank the Lender to the Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to belowAgreement. The aggregate Borrower will pay the principal amount of any Swing Loans Line Revolving Loan on the maturity date specified therefor in the Notice of Borrowing relating thereto, which Bank maturity date shall in no event be committed more than 7 days following the date such Swing Line Revolving Loan was made. The Borrower promises also to have outstanding hereunder pay interest on the unpaid principal amount of each Swing Line Revolving Loan made by the Lender in like money at any said office from the date hereof until paid at the rates and at the times provided in section 2.8 of the Agreement. This Note is one of the Swing Line Revolving Notes referred to in the Credit Agreement, dated as of May 1, 1998, among the Borrower, the financial institutions from time shall not exceed to time party thereto (including the lesser of (i) Four Million Dollars ($4,000,000.00Lender), or and KeyBank National Association, as Administrative Agent (ii) as from time to time in effect, the difference between "AGREEMENT"), and is entitled to the Revolving Credit Commitments of all benefits thereof and of the Banks other Credit Documents (as defined in the Amended and Restated Agreement). As provided in the Agreement, this Note is subject to mandatory prepayment prior to the maturity date of any Swing Line Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaidLoan, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on In case an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreementshall occur and be continuing, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any principal of the Deeds of Trust, Bank's obligation to make additional Swing Loans under and accrued interest on this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that The Borrower hereby waives presentment, demand, protest or notice of any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank kind in connection with bankruptcy this Note. No failure to exercise, or insolvency proceedings relating heretodelay in exercising, Borrower hereby agrees to pay to any rights hereunder on the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws part of the State holder hereof shall operate as a waiver of Missouri (without reference to conflict of law principles).any such rights. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO. HAWK CORPORATION By: ------------------------------ Vice President-Finance 84
Appears in 1 contract
Samples: Credit Agreement (Hawk Corp)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 TYPE AMOUNT OF OF DATE AMOUNT LOAN / OR PRINCIPAL UNPAID OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN RATE MATURITY PREPAID BALANCE BY ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. LouisB-1 NOTICE OF BORROWING [Date] National City Bank, Missouri February 28as Administrative Agent for the Lenders party to the Credit Agreement referred to below 1900 East Ninth Street Cleveland, 1996 FOR VALUE RECEIVEDOhio 44114 Attention: Agency Xxxxxxxx Xxxxx XX: XXXICE OF BORROWING UNDER THE CREDIT AGREEMENT, on the last day of the Revolving Credit PeriodDATED AS OF AUGUST 7, the 2003 Ladies and Gentlemen: The undersigned, DOANX XXXDUCTS COMPANYOM Group, a Delaware corporation Inc. (the "BorrowerBORROWER"), hereby promises to pay refers to the order Credit Agreement, dated as of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION August 7, 2003 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "BankCREDIT AGREEMENT", the terms defined therein being used herein as therein defined), among the Borrower, the financial institutions from time to time party thereto (the "LENDERS"), the principal sum of Four Million Dollars ($4,000,000.00)and National City Bank, or as Administrative Agent for such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower Lenders, and hereby gives you notice, irrevocably, pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (isection 2.3(a) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined Credit Agreement, that the undersigned hereby requests one or more Borrowings under the Credit Agreement, and in that connection sets forth in the Amended and Restated Revolving Credit and Term Loan Agreementschedule attached hereto the information relating to each such Borrowing (collectively the "PROPOSED BORROWING") and the amount as required by section 2.3(a) of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount undersigned hereby specifies that the Proposed Borrowing will consist of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made Loans as indicated in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, . The undersigned hereby certifies that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended following statements are true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time will be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).Proposed Borrowing:
Appears in 1 contract
Samples: Credit Agreement (Om Group Inc)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Principal Amount Type Principal Notation Date LIBOR of Loan of Loan Repaid Balance Maturity Date Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- EXHIBIT B AMENDED B-1 OPINION OF GENERAL COUNSEL OF THE BORROWER EXHIBIT B-2 OPINION OF SPECIAL COUNSEL FOR THE BORROWER EXHIBIT C ASSIGNMENT AND RESTATED SWING LINE NOTE $4,000,000.00 St. LouisASSUMPTION AGREEMENT AGREEMENT dated as of _________, Missouri February 28, 1996 FOR VALUE RECEIVED, on 200_ among [ASSIGNOR] (the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("BorrowerAssignor"), hereby promises to pay to [ASSIGNEE] (the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ("BankAssignee"), the principal sum of Four Million Dollars ($4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association DUKE CAPITAL CORPORATION (the "Company") and BANK ONE, NA, a national banking association having its principal office in Chicago, Illinois, as Administrative Agent (the "Administrative Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Duke Energy Corp)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or Amount of Principal Principal Notation Date LIBOR Loan Loan Type Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, on the last day C Form of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay Assignment and Assumption Agreement Reference is made to the order 364-Day Credit Agreement dated as of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ("Bank")June 26, the principal sum of Four Million Dollars ($4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks 2001 (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loansamended, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computationrestated, which amount may be borrowed, paid, reborrowed and repaid, in whole modified or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may supplemented from time to time be amended, modified, extended or renewedtime, the "Credit Agreement") among PPL Electric Utilities Corporation, a Pennsylvania corporation (the "Borrower"), the Lenders from time to time party thereto, First Union National Bank, as Administrative Agent and Issuing Lender, Citibank, N.A., as Syndication Agent, and Barclays Bank plc, Westdeutsche Landesbank Girozentrale, New York Branch and Bank One, N.A., as Documentation Agents. The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized Capitalized terms used and but not otherwise defined in this Note herein shall have the respective meanings ascribed to them thereto in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
Samples: Day Credit Agreement (PPL Corp)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or Date Amount of Type of Loan Principal Principal Maturity Notation Date LIBOR Loan Loan Repaid Balance Date Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 EXHIBIT B AMENDED AND RESTATED SWING LINE NOTE $4,000,000.00 St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ("Bank"), the principal sum of Four Million Dollars ($4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal amount of all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($4,000,000.00), or (ii) the difference between the Revolving Credit Commitments of all of the Banks (as defined in the Amended and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).--------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------ --------------------- ------------------ ------------------- ------------------ ------------------- ------------------
Appears in 1 contract
Samples: Credit Agreement (Masco Corp /De/)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 EXHIBIT B AMENDED =============================================================================== CURRENCY AMOUNT AND RESTATED OF DATE AMOUNT TYPE PRINCIPAL UNPAID OF OF OF INTEREST PAID OR PRINCIPAL NOTATION LOAN LOAN PERIOD PREPAID BALANCE ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- =============================================================================== SWING LINE REVOLVING NOTE $4,000,000.00 St. LouisU.S.$________________ Cleveland, Missouri February 28Ohio _________, 1996 1997 FOR VALUE RECEIVED, on the last day of the Revolving Credit Periodundersigned CTB, INC., an Indiana corporation (herein, together with its successors and assigns, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("BorrowerBORROWER"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION _________________________ (the "BankLENDER"), in lawful money of the United States of America in immediately available funds, at the applicable Payment Office (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Agreement referred to below) of KeyBank National Association (the "ADMINISTRATIVE AGENT"), the principal sum of Four Million Dollars ________________ DOLLARS ($4,000,000.00)$ ) or, or such lesser sum as may if less, the then constitute the aggregate unpaid principal amount of all Swing Line Revolving Loans made by Bank the Lender to the Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to belowAgreement. The aggregate Borrower will pay the principal amount of any Swing Loans Line Revolving Loan on the maturity date specified therefor in the Notice of Borrowing relating thereto, which Bank maturity date shall in no event be committed more than one month following the date such Swing Line Revolving Loan was made. The Borrower promises also to have outstanding hereunder pay interest on the unpaid principal amount of each Swing Line Revolving Loan made by the Lender in like money at any said office from the date hereof until paid at the rates and at the times provided in section 2.8 of the Agreement. This Note is one of the Notes referred to in the Credit Agreement, dated as of August 15, 1997, among the Borrower, the other Borrowers named therein, the financial institutions from time shall not exceed to time party thereto (including the lesser of (i) Four Million Dollars ($4,000,000.00Lender), or and KeyBank National Association, as Administrative Agent (ii) as from time to time in effect, the difference between "AGREEMENT"), and is entitled to the Revolving Credit Commitments of all benefits thereof and of the Banks other Credit Documents (as defined in the Amended and Restated Agreement). As provided in the Agreement, this Note is subject to mandatory prepayment prior to the maturity date of any Swing Line Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaidLoan, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on In case an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreementshall occur and be continuing, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any principal of the Deeds of Trust, Bank's obligation to make additional Swing Loans under and accrued interest on this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that The Borrower hereby waives presentment, demand, protest or notice of any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank kind in connection with bankruptcy this Note. No failure to exercise, or insolvency proceedings relating heretodelay in exercising, Borrower hereby agrees to pay to any rights hereunder on the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws part of the State holder hereof shall operate as a waiver of Missouri (without reference to conflict of law principles).any such rights. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO. CTB, INC. By: ---------------------------------- Vice President & Chief Financial Officer
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Date Type of Loan Amount of Loan Interest Period Amount of Unpaid Base Rate Notation Made Principal Paid Principal By or of Principal Principal Notation Date LIBOR Loan Loan Repaid Prepaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- ----------------- ---------------- --------------- ---------------- ---------------- --------------- ---------------- EXHIBIT B AMENDED AND RESTATED SWING LINE D__ REVOLVING LOAN NOTE $4,000,000.00 St. Louis$ 15,000,000 December 18, Missouri February 28, 1996 1998 FOR VALUE RECEIVED, on the last day of the Revolving Credit PeriodATL PRODUCTS, the undersigned, DOANX XXXDUCTS COMPANYINC., a Delaware corporation ("Borrower"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION Bank of America National Trust & Savings Association ("Bank"), the principal sum of Four Fifteen Million Dollars DOLLARS ($4,000,000.0015,000,000), or such lesser sum amount as may then constitute shall equal the aggregate unpaid outstanding principal amount balance of all Swing the Revolving Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed below (as amended from time to have outstanding hereunder at any time shall not exceed time, the lesser of (i) Four Million Dollars ($4,000,000.00"Credit Agreement"), on or (ii) before the difference between the Revolving Credit Commitments of all of the Banks (as defined Maturity Date specified in the Amended Credit Agreement, and Restated Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loansto pay interest on said sum, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder or such lesser amount, at the time of computation, which amount may be borrowed, paid, reborrowed rates and repaid, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount Borrower shall make all payments hereunder, for the account of interest accruing hereunder shall be computed on an actual dayBank's Applicable Lending Office, 360-day year basis. All such payments of principal and interest shall be made to Agent as indicated in the Credit Agreement, in lawful currency money of the United States and in Federal same day or other immediately available funds at funds. Borrower hereby authorizes Bank to record on the office schedule(s) annexed to this note the date and amount of Mercantile Bank each Revolving Loan and of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans each payment or prepayment of principal made by Bank Borrower and agrees that all repayments such notations shall constitute prima facie evidence of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereofmatters noted; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or make any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder such notation shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles)affect Borrower's obligations hereunder.
Appears in 1 contract
Samples: Credit Agreement (Quantum Corp /De/)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Base Rate or of Principal Principal Notation Date LIBOR Loan Loan Repaid Balance Made By -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 104 - 111 AMOUNT OF DATE AMOUNT TYPE PRINCIPAL UNPAID OF OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN LOAN PERIOD PREPAID BALANCE BY ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- EXHIBIT B AMENDED AND RESTATED SWING LINE A-2 GENERAL REVOLVING NOTE $4,000,000.00 St. Louis_______________ Cleveland, Missouri February 28Ohio ________ , 1996 1998 FOR VALUE RECEIVED, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANYundersigned HAWK CORPORATION, a Delaware corporation (herein, together with its successors and assigns, the "BorrowerBORROWER"), hereby promises to pay to the order of MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION _________________________ (the "BankLENDER"), in lawful money of the United States of America in immediately available funds, at the Payment Office (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Agreement referred to below) of KeyBank National Association (the "ADMINISTRATIVE AGENT"), on the General Revolving Maturity Date, the principal sum of Four Million Dollars ________________ DOLLARS ($4,000,000.00)$ ) or, or such lesser sum as may if less, the then constitute the aggregate unpaid principal amount of all Swing General Revolving Loans made by Bank the Lender to the Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to belowAgreement. The aggregate Borrower promises also to pay interest on the unpaid principal amount of Swing Loans which Bank shall be committed each General Revolving Loan made by the Lender to have outstanding hereunder the Borrower in like money at any said office from the date hereof until paid at the rates and at the times provided in section 2.8 of the Agreement. This Note is one of the General Revolving Notes referred to in the Credit Agreement, dated as of May 1, 1998, among the Borrower, the financial institutions from time shall not exceed to time party thereto (including the lesser of (i) Four Million Dollars ($4,000,000.00Lender), or and KeyBank National Association, as Administrative Agent (ii) as from time to time in effect, the difference between "AGREEMENT"), and is entitled to the Revolving Credit Commitments of all benefits thereof and of the Banks (as defined other Credit Documents. As provided in the Amended and Restated Agreement, this Note is subject to mandatory prepayment prior to the General Revolving Credit and Term Loan Agreement) and the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding hereunder at the time of computation, which amount may be borrowed, paid, reborrowed and repaidMaturity Date, in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Swing Loans on the dates and at the rate provided for in the Amended and Restated Revolving Credit and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on In case an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association (the "Agent"), 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is the Swing Line Note referred to in the Amended and Restated Revolving Credit and Term Loan Agreement dated the date hereof by and among Borrower, Agent and the banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreementshall occur and be continuing, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any principal of the Deeds of Trust, Bank's obligation to make additional Swing Loans under and accrued interest on this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that The Borrower hereby waives presentment, demand, protest or notice of any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank kind in connection with bankruptcy this Note. No failure to exercise, or insolvency proceedings relating heretodelay in exercising, Borrower hereby agrees to pay to any rights hereunder on the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. This Note shall be governed by and construed in accordance with the substantive laws part of the State holder hereof shall operate as a waiver of Missouri (without reference to conflict of law principles).any such rights. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO. HAWK CORPORATION By: ----------------------------- Vice President-Finance
Appears in 1 contract
Samples: Credit Agreement (Hawk Corp)
