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REPLACEMENT SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE

Promissory Note

REPLACEMENT SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE | Document Parties: BANK OF AMERICA, N.A. | LaSalle Bank National Association | MODUSLINK CORPORATION | SALESLINK LLC | SALESLINK MEXICO HOLDING CORP You are currently viewing:
This Promissory Note involves

BANK OF AMERICA, N.A. | LaSalle Bank National Association | MODUSLINK CORPORATION | SALESLINK LLC | SALESLINK MEXICO HOLDING CORP

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Title: REPLACEMENT SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE
Date: 11/5/2008
Industry: Misc. Financial Services     Sector: Financial

REPLACEMENT SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE, Parties: bank of america  n.a. , lasalle bank national association , moduslink corporation , saleslink llc , saleslink mexico holding corp
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Exhibit 10.2

REPLACEMENT SECOND AMENDED AND

RESTATED REVOLVING CREDIT NOTE

 

 

 

 

$26,250,000.00

 

Chicago, Illinois

 

 

October 31, 2008

On or before the Revolving Credit Termination Date, FOR VALUE RECEIVED, the undersigned ( “Borrowers” ) promise to pay to the order of BANK OF AMERICA, N.A. (as successor by merger to LaSalle Bank National Association) ( “Lender” ) at the Agent’s office at 135 South LaSalle Street, Chicago, Illinois 60603, or such other place as the Agent may designate from time to time hereafter, the principal sum of Twenty Six Million Two Hundred Fifty Thousand and 00/100 Dollars ($26,250,000.00) or, if less, the aggregate unpaid principal amount of all Loans made by Lender under the Revolving Credit Facility pursuant to that certain Second Amended and Restated Loan and Security Agreement dated as of October 31, 2005 by and among Borrowers, Agent and the Lenders party thereto as amended by (i) that certain First Amendment to Second Amended and Restated Loan and Security Agreement dated as of October 29, 2006, (ii) that certain Second Amendment to Second Amended and Restated Loan and Security Agreement dated as of January 9, 2007 and (iii) that certain Third Amendment to Second Amended and Restated Loan and Security Agreement dated as of October 31, 2007 and (iv) that certain Fourth Amendment to Second Amended and Restated Loan and Security Agreement dated of even date herewith (herein as so amended, and as the same may be further amended, modified or supplemented from time to time, the “Loan Agreement” ) as shown on a schedule attached hereto or in the Agent’s records. All capitalized terms used herein without definition shall have the same meanings ascribed to such terms in the Loan Agreement.

This Note evidences certain Loans under the Revolving Credit Facility made from time to time to Borrowers by the Lender under the Loan Agreement, and the Borrowers hereby promise to pay interest at the offices described above on the Loans evidenced hereby at the rates and at the times and in the manner specified therefor in the Loan Agreement.

Repayments of principal hereon, shall be recorded by the Agent on a schedule to this Note or recorded on the Agent’s books and records. Borrowers agree that in any action or proceeding instituted to collect or enforce collection of this Note, the entries so recorded on a schedule to this Note or recorded on the books and records of the Agent shall, absent demonstrable error be conclusive evidence of the amount of the Loans made by Lender to Borrowers and the interest and payments thereon.

This Note is issued by the Bo


 
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