Back to top

FACILITY C LOAN NOTE

Promissory Note

FACILITY C LOAN NOTE | Document Parties: ARGYLE SECURITY, INC. | ISI SECURITY GROUP, INC | PRIVATEBANK AND TRUST COMPANY You are currently viewing:
This Promissory Note involves

ARGYLE SECURITY, INC. | ISI SECURITY GROUP, INC | PRIVATEBANK AND TRUST COMPANY

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: FACILITY C LOAN NOTE
Governing Law: Illinois     Date: 10/6/2008
Industry: Security Systems and Services     Sector: Services

FACILITY C LOAN NOTE, Parties: argyle security  inc. , isi security group  inc , privatebank and trust company
50 of the Top 250 law firms use our Products every day

FACILITY C LOAN NOTE

No. ________________

$10,000,000.00

Date: as of October 3, 2008

Chicago, Illinois

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


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more