FACILITY C LOAN
NOTE
No. ________________
|
|
Date: as of October 3,
2008
|
|
|
Due Date: October 3, 2011
|
FOR VALUE RECEIVED, ISI SECURITY GROUP,
INC. , a Delaware corporation, (the “
Borrower ”), whose address is
12903 Delivery Drive, San Antonio, Texas 78247, promises to
pay to the order of THE PRIVATEBANK AND TRUST
COMPANY , an Illinois banking corporation (hereinafter,
together with any holder hereof, the “ Bank
”), whose address is 70 W. Madison, 2
nd floor, Chicago, Illinois 60602, on or before
October 3, 2011 (the “ Facility C Scheduled Maturity
Date ”), the principal sum of ten million and 00/100
dollars ($10,000,000.00), which amount is the principal amount of
the Facility C Loan made by the Bank to the Borrower
under and pursuant to that certain Loan and Security Agreement
dated as of the date hereof, executed by and between the Borrower
and the Bank, as amended from time to time (as amended,
supplemented or modified from time to time, the “ Loan
Agreement ”), together with interest (computed on
the actual number of days elapsed on the basis of a 360 day year)
on the principal amount of the Facility C Loan
outstanding from time to time as provided in the Loan Agreement.
Capitalized words and phrases not otherwise defined herein shall
have the meanings assigned thereto in the Loan
Agreement.
The outstanding principal of this
Facility C Loan Note, and all accrued interest thereon, shall
be payable as provided in the Loan Agreement, and the outstanding
principal balance of this Facility C Loan Note, and all
accrued and unpaid interest thereon, shall be due and payable in
full on the Facility C Scheduled Maturity Date, unless payable
sooner pursuant to the provisions of the Loan Agreement.
This Note evidences the Facility C Loan
incurred by the Borrower under and pursuant to
|